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B. Riley Upgrades CoStar (CSGP) to Buy, Starts LoopNet (LOOP) at Buy

October 5, 2009 3:33 PM EDT
CSGP Hot Sheet
Rating Summary:
    0 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 25 | Down: 12 | New: 36
B. Riley issued research notes on two stocks in the Computer Services industry earlier: CoStar Group (Nasdaq: CSGP) and LoopNet (Nasdaq: LOOP).

The firm raised its investment rating on CoStar from Neutral to Buy, and initiated coverage on LoopNet with a Buy rating.

Shares of CoStar have rallied more than 2% today, most recently trading at $40.26. Meanwhile, shares of LoopNet, after hitting its 200-day SMA just before 2pm ET, have jumped more than 3% and are trading around $9.25.

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